MultiPlan Corp. (NYSE: MPLN) reported Q2 EPS of ($0.07), $0.09 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $276.3 million versus the consensus estimate of $259.82 million.

2021 Financial Guidance

The Company is increasing its Full Year 2021 guidance for revenues, Adjusted EBITDA and cash flow from operations, reflecting the combination of: expectation that the impact of the COVID-19 pandemic on revenue and Adjusted EBITDA in the second half of 2021 will be lower than the Company’s prior estimates; continued organic growth in revenues driven by a strong pipeline of service implementations with customers, and better-than-anticipated Q2 2021 results. A comparison of the Company’s prior and revised Full Year 2021 guidance is presented in the table below.

Financial Metric		Prior FY 2021 Guidance		Updated FY 2021 Guidance
Revenues		$1,040 million to $1,100 million		$1,090 million to $1,130 million
Adj. EBITDA		$750 million to $790 million		$810 million to $835 million
Cash flow from operations		$380 million to $420 million		$410 million to $440 million
Capital expenditures		$75 million to $80 million		$75 million to $80 million
Interest expense		$250 million to $260 million		$250 million to $260 million
Depreciation		$60 million to $65 million		$65 million to $70 million
Amortization of intangible assets		$340 million to $345 million		$335 million to $345 million
Effective tax rate		25% to 28%		25% to 28%

(Consensus sees FY revenue of $1.06 billion)

For earnings history and earnings-related data on MultiPlan Corp. (MPLN) click here.